USD 11.8 billion
Report ID: SQMIG35E2030 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 64 | Figures: 75
Global Benign Prostatic Hyperplasia Treatment Market size was valued at USD 11.8 billion in 2021 and is poised to grow from USD 12.41 billion in 2022 to USD 18.62 billion by 2030, growing at a CAGR of 5.2% in the forecast period (2023-2030).
Several factors contribute to the market growth of BPH treatment. Firstly, the increasing prevalence of BPH globally is a key driver. As the aging population continues to grow, the incidence of BPH rises, resulting in a larger patient pool seeking treatment. This demographic trend has fueled the demand for innovative and minimally invasive treatment solutions. Minimally invasive procedures such as transurethral resection of the prostate (TURP), laser therapy, and prostatic artery embolization (PAE) have gained prominence due to their reduced invasiveness, shorter recovery times, and fewer complications compared to traditional surgical approaches. These advancements have not only improved patient outcomes but also expanded the market by attracting more patients seeking effective and less invasive treatments. Additionally, increased awareness about BPH and the availability of treatment options have played a crucial role in market growth. Public health initiatives, educational campaigns, and the efforts of healthcare providers have contributed to better understanding and recognition of BPH symptoms, leading to earlier diagnosis and treatment initiation. This has resulted in a higher demand for BPH treatment modalities, positively impacting market growth. The global market for BPH treatment is also influenced by the regulatory landscape and reimbursement policies. Government initiatives to provide favourable reimbursement policies and support the adoption of innovative BPH treatment methods have stimulated market growth.
Global Market Size
USD 11.8 billion
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The global benign prostatic hyperplasia treatment market is segmented on the basis of type, application, and region. Based on type, the market can be segmented into medications, minimally invasive procedures, and surgical procedures. Based on application, the market is segmented into lower urinary tract symptoms management, acute urinary retention treatment, prostate size reduction, and prevention of disease progression. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
Medications, such as alpha-blockers and 5-alpha-reductase inhibitors, are commonly prescribed as the first-line treatment for BPH. These medications help relieve the symptoms of BPH by relaxing the prostate gland and reducing its size. Medications are widely used due to their effectiveness, non-invasiveness, and ease of administration. They offer a convenient and accessible treatment option for patients with mild to moderate BPH symptoms.
On the other hand, while medications remain the dominant treatment option, minimally invasive procedures are emerging as the fastest growing type of treatment in the BPH market. Minimally invasive procedures offer a middle ground between medications and surgical procedures, providing effective symptom relief with fewer side effects and a lower risk of complications compared to surgery.
Analysis by Application
Lower Urinary Tract Symptoms (LUTS) Management is the dominant application in the BPH treatment market. LUTS are a common manifestation of BPH, and their management is a primary focus in the treatment of the condition. LUTS include urinary frequency, urgency, nocturia (frequent urination at night), weak urine flow, and incomplete bladder emptying. Various treatment options, including medications, minimally invasive procedures, and surgical interventions, are utilised to manage these symptoms effectively. The dominant focus on LUTS management reflects the importance of improving patients' quality of life by alleviating bothersome urinary symptoms associated with BPH.
The fastest-growing application in the BPH treatment market is Prostate Size Reduction. BPH is characterised by the enlargement of the prostate gland, which can lead to urinary tract obstruction and bothersome symptoms. Prostate size reduction therapies aim to reduce the size of the prostate gland, relieving urinary obstruction and improving urinary flow. Various procedures and technologies, such as minimally invasive techniques, laser therapies, and transurethral resection of the prostate (TURP), are used to achieve prostate size reduction. The growing focus on this application is driven by the increasing demand for effective treatments that directly address the underlying cause of BPH, namely the enlarged prostate gland.
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North America holds a significant share in the BPH treatment market due to several factors. The region has a well-developed healthcare infrastructure, advanced medical technologies, and a high prevalence of BPH among the aging population. Additionally, increased awareness about the condition and the availability of innovative treatment options contribute to the dominance of North America in the market. The presence of key market players, extensive research and development activities, and favourable reimbursement policies further support the growth of the BPH treatment market in this region.
On the other hand, Asia Pacific is experiencing rapid growth in the BPH treatment market. The region is witnessing an increasing prevalence of BPH due to factors such as changing lifestyles, urbanisation, and a growing elderly population. Furthermore, improving healthcare infrastructure, rising healthcare expenditure, and increasing awareness about BPH and its treatment options contribute to the rapid growth in Asia Pacific. The region also benefits from the expansion of market players into emerging economies, collaborations with local healthcare providers, and efforts to address the unmet medical needs of the population.
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Growing Awareness and Screening Initiatives
Availability of Generic Medications
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The global BPH treatment market is highly competitive, driven by the need for effective and patient-friendly therapeutic options. Companies invest in research and development, product innovation, and strategic collaborations to gain a competitive advantage and meet the evolving needs of healthcare providers and patients.
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According to the global benign prostatic hyperplasia (BPH) treatment market analysis, there is a growing demand for advanced treatment options in the healthcare industry. The market for BPH treatment is driven by factors such as increasing awareness, rising prevalence of BPH, and advancements in medical technologies. Various treatment modalities are available for BPH, including medication, minimally invasive procedures, and surgical interventions. Medications such as alpha-blockers and 5-alpha reductase inhibitors are widely prescribed for managing BPH symptoms. Minimally invasive procedures, including laser therapies and transurethral resection of the prostate (TURP), offer effective alternatives to surgical interventions, providing improved patient outcomes and shorter recovery periods. Regionally, North America holds a significant share in the BPH treatment market due to factors such as a large aging population, high healthcare expenditure, and the availability of advanced healthcare infrastructure. Europe also contributes to the market growth, driven by a rising prevalence of BPH and favourable reimbursement policies. The Asia Pacific region is witnessing rapid growth in the BPH treatment market due to increasing healthcare awareness, improving healthcare infrastructure, and a growing elderly population. The market for BPH treatment is poised for growth as the demand for minimally invasive procedures and innovative treatment options increases. Factors such as the aging population, improving healthcare infrastructure, and rising awareness about BPH contribute to the market's expansion. Market players are focusing on research and development activities to introduce novel therapies and cater to the evolving needs of patients worldwide.
|Market size value in 2021
|USD 11.8 billion
|Market size value in 2030
|USD 12.41 billion
|Forecast Unit (Value)
|North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
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For the Global Benign Prostatic Hyperplasia Treatment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Benign Prostatic Hyperplasia Treatment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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